Listed below is a
checklist for initial items required to evaluate your loan request so
that we may provide a Letter of Interest* (LOI).
-
Purpose of Loan
-
Use of Funds
-
Description of
Property
-
Site Description
-
3 Years Historical
Operating Statements on the Property
-
Current Year To
Date (YTD) Operating Statement
-
Lease Summary/Rent
Roll
-
Purchase Price or
Original Cost
-
Timing Requirements
To Fund Loan
-
Significant
Improvements made to Property
-
Required
Improvements necessary, if any
-
Color Photos
-
Resume/background
on borrowers
-
Recent financials
on borrowers
-
Existing lender,
rate & term
* This is
not a commitment to lend. Commitments can only be issued after all
information necessary has been reviewed, accepted and approved by loan
committee.
Rate and
terms are subject to change without notice
